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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: commodities

commodities stories: 51 news summaries

1 - 20 of 51 Stories | 1 2 3 Next >>

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OPINION

Glenn Beck's Paranoia
Is a Gold Mine

Gold to guns, scribe says there's profit to be made off right wingers

Oct 20, 09 11:59 AM CDT
(Newser) - Move over Jim Cramer. When it comes to possibly unhinged investment gurus, Mike Madden of Salon says he’s going with Glenn Beck and G. Gordon Liddy. Ever since advertisers began boycotting Beck, gold sellers have been grabbing space. The weirdest ad features G. Gordon Liddy mocking Fed policies that... More »

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investment • Glenn Beck • gold • commodities • right-wing media • paranoia • G. Gordon Liddy

MARKETS

 Dow Surges 132 as Dollar Falls 

Commodities surge as dollar falls

Oct 6, 09 3:09 PM CDT
(Newser) - Stocks indices saw big gains today as a result of a global chain of events: Australia’s central bank raised interest rates, the first to do so since the recession began. The move stoked optimism about the global economy and sank the value of the US dollar, which in turn... More »

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Australia • Dow Jones • Nasdaq • commodities • S&P 500

$1,038 an ounce

 Gold Prices Hit All-Time High 

Investors hedge against inflation in all currencies

Oct 6, 09 12:04 PM CDT
(Newser) - Gold leapt to $1,038 an ounce today, the highest price on record, as investors bet that global stimulus efforts and rate cuts will cause rampant and widespread inflation. The precious metal’s on pace for its ninth straight positive year; the previous record was set at $1,033.90... More »

MORE ABOUT:
inflation • market • gold • commodities


 Supermarkets Slash Prices 
 

Deflation stalks the aisles; Safeway cuts below profit point

Sep 17, 09 7:32 AM CDT
(Newser) - Americans are getting a big break on the price of food, as the recession drives down the cost of wheat, milk, and other staples, and supermarkets fight feverishly for sales. After a year of dramatic increases, commodities are way down—the price of corn, for instance, is down 56% since... More »

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recession • consumer spending • supermarket • deflation • food prices • commodities • retailers

MARKETS

 Energy Falters; Dow Off 37 

A profit warning from Chevron highlights problems in the energy sector

Jul 10, 09 3:18 PM CDT
(Newser) - The major stock indices finished mixed today, with the Dow trending down after Chevron issued a profit warning, the Wall Street Journal reports. Chevron was down 2.7% on news that a weak dollar and poor profits at refineries will cut into its second-quarter earnings. Exxon also fell 1.3%.... More »

MORE ABOUT:
energy • Exxon • Chevron • Dow Jones • Nasdaq • commodities • S&P 500 • oil prices

MARKETS

 Dow Falls 161 in Broad Sell-Off 

Investors unwind bets ahead of 2nd-quarter earnings kickoff

Jul 7, 09 3:19 PM CDT
(Newser) - Investors turned pessimistic ahead of the start of the second-quarter earnings season, initiating a broad sell-off that depressed the major indices, the Wall Street Journal reports. Oil fell another $1.12 to 62.43 a barrel, pushing energy stocks lower; the S&P 500’s energy sector was off 2.... More »

MORE ABOUT:
Dow Jones • Nasdaq • commodities • S&P 500 • oil prices • energy sector

 Feds Consider Limits on 
 Oil, Energy Speculation 

Commodity Commission to hold hearings on 'purely financial' energy futures trading

Jul 7, 09 2:54 PM CDT
(Newser) - Federal regulators may impose new limits on the amount of energy-futures contracts that speculators can buy, the New York Times reports, an attempt to curb severe price fluctuations in commodities like oil and natural gas. Oil prices swung from $145 per barrel last summer to $33 in December, movement some... More »

MORE ABOUT:
investors • natural gas • Commodity Futures Trading Commission • commodities • commodities exchange • speculation • oil futures • oil prices • commodity prices • Gary Gensler

Market Open

 Stocks, Oil Jump Together 


Jun 10, 09 8:49 AM CDT
(Newser) - Stocks jumped at the open today, with the Dow up 61 points, the Nasdaq adding 0.5%, and the S&P gaining 0.7%, powered by strong moves in its energy and basic materials sectors. That was due in part to the surge in fuel prices, with oil clearing $71... More »

MORE ABOUT:
stock market • Exxon • Chevron • Dow Jones • ExxonMobil • Nasdaq • Caterpillar • commodities • S&P 500 • Exxon Mobil • oil prices

2008 Inflation Slowest in 50 Years on Oil Prices, Economy

Slow spending, sliding energy costs lead to 0.1% CPI increase last year

Jan 16, 09 8:43 AM CST
(Newser) - In 2008, consumer prices crept up at the slowest rate since 1954, climbing just 0.1% for the year and missing the Fed’s preference of 1.5% to 2% by a wide margin, the Wall Street Journal reports. Just months after inflation hit 17-year highs, a 75% drop in... More »

MORE ABOUT:
inflation • Ben Bernanke • Federal Reserve • deflation • interest rate • commodities • monetary policy • financial meltdown

Volatile Markets a Growing Concern for Farmers

Volatile prices, uncertain demand push some farmers into the red

Dec 30, 08 1:05 PM CST
(Newser) - Volatile commodity prices and uncertainty about future demand are nurturing growing concern among American farmers as revenues sink—even as demand sprouts in emerging energy markets, the Wall Street Journal reports. Costs of doing business—namely seed, machinery, and fertilizer—are riding high alongside transportation costs, and commodity prices are... More »

MORE ABOUT:
agriculture • farming • ethanol • grains • commodities • agricultural economy • corn belt

MARKETS

 Nervous Dow Rises 70 

Commodities, financials move in opposite directions

Dec 10, 08 3:24 PM CST
(Newser) - Markets ended with modest gains today as commodities got a boost and financials dropped, the Wall Street Journal reports. Meanwhile, fears over the struggling auto bailout spurred some flip-flopping, Bloomberg notes. The Dow rose nearly 190 points before settling down to finish up 70 points. The S&P climbed 11... More »

MORE ABOUT:
Wall Street • Dow Jones • auto industry • financial sector • commodities • bailout • financial crisis

 Coffee Shortage Percolating 

Brazil likely to produce fewer beans next year

Dec 9, 08 12:42 PM CST
(Newser) - A smaller coffee crop in Brazil could lead to a worldwide shortage in 2009-2010, Bloomberg reports. And the news is already affecting prices: Arabica beans, the kind used by Starbucks, jumped yesterday after a Brazilian official warned of a 22% drop in output. Other countries can't make up for "... More »

MORE ABOUT:
Vietnam • coffee • Brazil • Colombia • commodities • arabica coffee

Oil Prices Plunge
to 5-Year Low 

OPEC expected to slash production to push up prices

Dec 5, 08 2:43 AM CST
(Newser) - Oil prices continue to plunge as demand slackens amid the global economic downturn. Oil has dropped 19% drop this week, the biggest weekly decline in five years, reports Bloomberg. Prices have tumbled 70% since reaching a record $147.27 in July, and  some predict prices may dip as low as... More »

MORE ABOUT:
OPEC • recession • National Bureau of Economic Research • crude oil • gold • New York Mercantile Exchange • commodities • copper • oil prices

MARKET Open

 Chinese Stimulus Lifts Dow 

Index surges 150+ at open, following Asian lead

Nov 10, 08 8:49 AM CST
(Newser) - Stocks jumped out of the gate today, thanks to a $586 billion stimulus package from Beijing. The Dow was up nearly 200 just after opening, the Wall Street Journal reports, and the S&P and Nasdaq climbed 1.8% and 1.2%, respectively. The moves followed rallies overseas, including a... More »

MORE ABOUT:
China • stock market • Dow Jones • Shanghai Composite Index • global economy • Nikkei • AIG • Dow • commodities • economic stimulus package • Circuit City • S&P 500 • financial crisis

(AP) - Oil prices plummeted to a one-year low below $83 a barrel today in European trading as investor fears of a severe global economic downturn sparked a panicked sell-off. "The whole market has lost confidence in everything," said one commodities strategist. "Everyone is worried about global growth, and... More »

MORE ABOUT:
oil • OPEC • recession • global economy • New York Mercantile Exchange • commodities • commodities exchange • oil prices • financial crisis

MARKETS

 Industrial Firms Lead Recovery 


Sep 10, 08 3:42 PM CDT
(Newser) - Stocks rebounded from yesterday's miserable day to close with mild gains, MarketWatch reports. Energy and industrial firms did well after yesterday's huge sell-off, but concerns about Lehman Brothers continued to weigh on the financial sector. The Dow closed up 38.19 points at 11,268.92, the Nasdaq rose 18.... More »

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Chevron • Dow Jones • General Motors • Nasdaq • Caterpillar • commodities • S&P 500 • oil prices

Oil Prices Drop for 4th Day
on Minimal Gustav Damage

Slowing demand drops crude to $108

Sep 3, 08 9:07 AM CDT
(AP) - Oil prices dipped to just above $108 a barrel today after Hurricane Gustav left oil installations in the Gulf of Mexico largely undamaged. By midday in Europe, light, sweet crude for October delivery was down $1.50 on the New York Mercantile Exchange as the dollar continued to strengthen and... More »

MORE ABOUT:
crude oil • commodities • oil prices • Hurricane Gustav

MARKETS

 Stocks Mixed as Oil Surges 

Georgian conflict raises supply fears; analysts downgrade financials

Aug 21, 08 3:22 PM CDT
(Newser) - Stocks saw mixed results today as the Dow and S&P 500 managed to claw back from early losses due to surging oil and a weak dollar, the Wall Street Journal reports. The Dow closed up 12.78 at 11,430.21; the Nasdaq fell 8.70 to 2,380.... More »

MORE ABOUT:
Dow Jones • Georgia • Lehman Brothers • Nasdaq • Freddie Mac • Fannie Mae • commodities • S&P 500 • oil prices

 Farms Fuel Boom in US Exports

Strengthening dollar could trim growth of sales abroad

Aug 18, 08 9:21 AM CDT
(Newser) - Worldwide demand for grain and a weak US dollar helped drive exports up 7.1% in the first half of the year, providing a respite from the barrage of negative economic news. But experts warn the commodity-driven rise could be brief, reports the New York Times. Export surges of... More »

MORE ABOUT:
international trade • corn • trade deficit • manufacturing • commodities • US exports • job • soybeans • industry

(Newser) - Chocolate maker Hershey said today it is raising prices by about 10% to offset the new costs of ingredients, Reuters reports. Commodities like cocoa and peanuts are up between 20% and 45%, it said, yet one analyst called the price hike a "real surprise." The candy giant also... More »

MORE ABOUT:
The Hershey Company • chocolate • candy • retail sales • food prices • price increases • commodities

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